News published on Federal Newswire in May 2023

News from May 2023


The U.S. Economic Outlook and Considerations for Monetary Policy

News Release: Good morning, everyone. Thank you for inviting me to speak. It is a pleasure to be here. I would like to use this opportunity to share with you my outlook on the U.S. economy, credit conditions, and monetary policy.


DOJ: McCarthy on Durham report: 'You are right to be angry over the coordinated campaign to lie to the American public for years about Russia collusion'

Special Counsel John Durham has released a 300+ page report titled "Report on Matters Related to Intelligence Activities and Investigations Arising Out of the 2016 Presidential Campaigns," in which he concluded that the FBI's investigation into collusion between Donald Trump's campaign and Russian government officials was unjustified. House Speaker Kevin McCarthy (R-CA) said the American people deserve to be angry about the information revealed in the report, and he believes the Select Subcommittee on the Weaponization of the Federal Government, which has now invited Durham to testify in a hearing, will help bring accountability. Other lawmakers, like Sen. Josh Hawley (R-MO), are calling for an overhaul of the FBI and for Hillary Clinton to be held accountable.


Chamber of Digital Commerce: 'We stand in solidarity with Coinbase in their ongoing legal battle against the Securities and Exchange Commission'

Coinbase, the largest cryptocurrency exchange in the U.S., took action in federal court last month, asking the U.S. Securities and Exchange Commission (SEC) to respond to a petition the company filed last year seeking clarity for the digital asset industry.


U.S. Department of Energy 'funding projects that will ensure the continued operation of [data] facilities'

The U.S. Department of Energy has announced $40 million to enhance the cooling efficiency of data centers.


Kerry: Innovation key to creating 'more modern, resilient and prosperous food systems'

U.S. Special Presidential Envoy for Climate John Kerry called for urgent climate action by partnering and accelerating investment in climate-smart agriculture and food systems innovation during the final day of the Agriculture Innovation Mission for Climate (AIM) for Climate Summit.


GOP lawyers' panel doubt Senate will approve border security legislation

Although the GOP-dominant House of Representatives approved border security legislation with House Resolution 2 last week, a government official believes the Senate is unlikely to follow suit.


Treasury Department: 'Digital connectivity is central to expanding economic opportunity in communities across the country'

High-speed internet may finally make its way to millions of Americans, thanks to the American Rescue Plan’s Capital Projects Fund (CPF), a part of the Biden administration's Investing in America Agenda that has been approved by the U.S. Department of Treasury to fund broadband infrastructure projects.


HHS secretary thanks nation's governors for help in battling COVID-19

Health and Human Services (HHS) Secretary Xavier Becerra, in a letter to the nation's governors, praised the Biden administration’s approach to combating the COVID-19 pandemic and applauded the partnerships with the governors to ensure the country is in a better place.


Treasury secretary thanks Japanese finance minister for help with Ukraine, supply chain matters

U.S. Treasury Secretary Janet Yellen met recently with Japan’s Minister of Finance Sunichi Suzuki during the G7 Finance Ministers and Central Bank Governors session in Niigata, Japan.


Graves: Economic Development District in Puerto Rico ‘a foundation for future economic success’

The first regional Economic Development District in Puerto Rico has been designated by the U.S. Department of Commerce’s Economic Development Administration.


DOD's Ryder: M1 tank training program for Ukrainian crews, maintainers will 'prepare them for their critical roles ahead'

Ukrainian tank crews and maintainers are set to begin training on U.S. M1 Abrams tanks in Germany, a DOD news report said this week.


Buttigieg: 'We are proud to announce the first-ever U.S.-Canada EV Corridor'

U.S. Secretary of Transportation Pete Buttigieg promoted the establishment of a new U.S.-Canada electric vehicle corridor.


Rubio on Wuhan lab and COVID-19: 'Beijing hid the truth'

U.S. Sen. Marco Rubio (R-FL) has released a new report on the origins of the COV-19 pandemic, citing increasing evidence that it started by a lab leak in Wuhan, China.


Vilsack: 'Deferred maintenance projects are essential'

The U.S. Departments of Agriculture and the Interior proposed $2.8 billion in funding for fiscal year 2024 authorized by the Great American Outdoors Act to enhance infrastructure, recreation facilities, federal lands access and land and water conservation.


Blinken: 'Our thoughts are with the people of Serbia'

A recent school shooting in Serbia led to the death nine people.


Loughead: 'Moving to a single-rate tax structure would yield many benefits for Wisconsin'

Katherine Loughead, a senior policy analyst with the nonpartisan Tax Foundation, recently made recommendations to improve Wisconsin’s tax structure and competitiveness in her testimony before the state legislature’s Committee on Ways and Means.


Federal Report: Los Angeles labor union Unite Here Local 11, with 20K members, ends 2022 with $1,651 in bank

One of Los Angeles’ largest private sector labor unions, boasting more than 20,000 dues-paying members, ended 2022 with less than $2,000 in cash.


Luetkemeyer: 'I introduced a bill to hold TikTok accountable'

Missouri Congressman Blaine Luetkemeyer recently introduced legislation to hold TikTok accountable amid security concerns.


Randolph: An injunction breaking up Facebook 'would have severe consequences'

The social media giant Meta, formerly Facebook, secured a legal victory after a federal appeals court dismissed an antitrust lawsuit filed by several U.S. states seeking to break up the company, citing a lack of proof that the firm's data policies damaged competition.


Becerra: Funding to reduce HIV will help ‘destigmatize this deadly disease’

The Health Resources and Services Administration awarded more than $147 million to 49 recipients to help reduce new human immunodeficiency virus (HIV) infections in the U. S. by at least 90% by 2030.